Retirement Resources for Faculty, Academic Staff, and Administrators

Introduction

Retirement is an exciting, and sometimes daunting, transition to make after a long and fulfilling career. This webpage is a collection of resources intended to assist MSU faculty and academic staff members as they prepare for and make the transition into retirement. Colleagues from across the Michigan State University community recommended many of these resources. We invite an ongoing development of this webpage. 

Table of Contents

Personal Considerations and Preparation

Retirement represents a major transition into a new stage of life. It involves personal considerations and preparation. The following resources may be helpful as you prepare for an enriching retirement.

Psychosocial and Emotional Aspects of Retirement: Planning for a Successful Transition

Presentation slides by John Brown, Psy.D. of the University of California, San Francisco

Managing the Transition into Retirement

Article by Betsy McCalla-Wriggins, Rowan University

MSU Human Resources Workshops: Roadmap to Retirement

Roadmap to Retirement is a half-day workshop offered several times a year. This workshop is designed for MSU faculty, academic staff, and support staff who have a plan to retire within one to two years, and covers a range of topics critical to your successful retirement.Topics include MSU benefits in retirement, an overview of Social Security, and financial preparation tips. Registration is available through EBS, "Courses for MSU Employees," then search for "Retirement." For more information, see Retirement Planning Tools and Information on the MSU Human Resources website.

Models of Successful Retirement

The pathways toward and through retirement are often varied. Understanding the many options available to you can be useful as you consider your own retirement. By individualizing your retirement, you will take into consideration your personal situation and life circumstances, and those of your family and loved ones.

Envisioning Retirement Pathways at Michigan State University

A video recording from a 2018 event sponsored by the WorkLife Office, Academic Advancement Network, Academic Human Resources, and Faculty Grievance and Dispute Resolution Office. Faculty and academic staff learned about MSU policies and heard from their retired or retiring peers about their own personal pathways toward retirement. 

Looking Ahead to a Fulfilling Retirement: Resources, Conversations, and Opportunities

A video recording from a 2018 session sponsored by the WorkLife Office, Academic Advancement Network, Academic Human Resources, and Faculty Grievance and Dispute Resolution Office. Faculty and academic staff started planning how they would frame and converse about their eventual retirements. They also learned about resources and policies on retirement. 

Remaining Involved at MSU and in the Community

Retirees often want to maintain some kind of continuing relationship with their institution or their discipline. The following policy outlines some options for maintaining involvement with Michigan State University.

Working Retirement Options, a policy from the Michigan State University Faculty Handbook. 

Various Approaches to Retirement from Faculty at other Research-1 Institutions

Opening the Dialogue about Retirement

Retirement as a Stage in the Academic Life Cycle

Article by the American Historical Association President, Jan Goldstein

Ideas for Administrators who are offering guidance for faculty: Guiding Faculty Retirement in Higher Education

Article by Deborah Yaffe, posted on University Business

Engaging with Faculty and Academic Staff on Retirement

A video recording from a 2018 event sponsored by the WorkLife Office, Academic Advancement Network, Academic Human Resources, and Faculty Grievance and Conflict Resolution Office. Academic administrators learned about MSU retirement policies, legal considerations, and best practices when initiating conversations about retirement within departments. 

MSU Retirement Policy

As you consider or transition into retirement, it's important to be well acquainted with MSU's retirement policies. 

Retirement Eligibility Requirements

For Faculty and Academic Staff

Retirement Policies

For Faculty, Academic Staff and Executive Managers 

Financial Considerations

Financial preparation for retirement is a long-term process. Academics must make financial decisions and monitor their retirement financial standing throughout their careers. As retirement approaches, there are certain decisions that will need to be made :about reallocation and withdrawing funds. 

MSU Retirement Plans (ongoing enrollment available)

One-on-One Consultations, Classes, and Workshops for MSU Employees

Additional Resources